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Ruitai New Materials: 2024 performance forecast
Electrolyte is trapped in a low stock price competition dilemma, with Rui Tai New Materials expecting a decline in net profit for two consecutive years | Interpretations
① Rui Tai New Material's projected Net income for 2024 is expected to decrease by about 80%, and the company will experience a decline in Net income for two consecutive years; ② The continuous release of production capacity for Battery materials has led to intensified competition in the Industry, with a noticeable decrease in product prices last year; ③ Due to substantial losses from the affiliated listed company Tonze New Energy Technology, the company expects to recognize investment losses of 0.075 billion yuan to -0.09 billion yuan.
Ruitai New Materials (301238.SZ): The projected net income for the year 2024 is expected to decrease by 76.42% to 82.85%.
Gelonghui, January 21: Ruitai New Materials (301238.SZ) announced its performance forecast for 2024, expecting a Net income attributable to shareholders of the listed company to be between 80 million yuan and 110 million yuan, a year-on-year decrease of 82.85%-76.42%; the Net income after deducting non-recurring gains and losses is expected to be between 76 million yuan and 106 million yuan, a year-on-year decrease of 82.87%-76.11%. With the recent slowdown in the overall growth rate of the Global lithium battery Industry, compounded by the continuous release of lithium-ion Battery material production capacity, competition in the Industry has intensified, particularly for the company's main product, Battery material.
Jiangsu Ruitai New Energy Materials Co., Ltd.'s (SZSE:301238) Shareholders Might Be Looking For Exit
Ruitai New Materials (301238.SZ): Lithium bis(trifluoromethanesulfonyl)imide (LiTFSI) has formed mass sales in new types of batteries such as solid-state lithium-ion batteries.
On December 24th, Gelonghui reported that Ruaitai New Materials (301238.SZ) recently stated in an investor relations activity that the lithium bis(trifluoromethanesulfonyl)imide (LiTFSI) produced by the company has begun to achieve mass sales in new types of batteries such as Solid State Batteries, mainly applied in polymer Solid State Batteries but can also be used in sulfide and oxide Solid State Batteries. The company has collaborations with many domestic and international Solid State Battery enterprises, although the sales revenue of the company's solid electrolyte materials is still relatively small. The Solid State Battery technology route, product route, and business route all have room for development.
Investors Could Be Concerned With Jiangsu Ruitai New Energy Materials' (SZSE:301238) Returns On Capital
Jiangsu Ruitai New Energy Materials (SZSE:301238) May Have Issues Allocating Its Capital
